2020-06-25T09:24:40-05:00 2019-06-30 631035228 JACKSON THORNTON & CO PC PO BOX 96 MONTGOMERY AL 361010096 990 2018-07-01 630401358 THE MONTGOMERY ACADEMY MONT 3342728210 3240 VAUGHN ROAD MONTGOMERY AL 36106 RONALD C BROWN JR PRESIDENT BOARD OF TRUSTEES 3342728210 2020-06-15 1 CHRISTINE K COOK P00537690 3348347660 2020-06-15 142.154.130.164 2020-06-15 10:47:42 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2021-01-29 14:40:06Z RONALD C BROWN JR PRE 3240 VAUGHN ROAD MONTGOMERY AL 36106 10906217 0 X WWW.MONTGOMERYACADEMY.ORG X 1959 AL COLLEGE PREPARATORY SCHOOL, KINDERGARTEN THROUGH GRADE 12 23 23 195 50 0 0 1209381 792200 10639723 10354860 4476 -60541 1078 -250804 11854658 10835715 532245 591230 0 0 7474612 6751980 0 0 206189 4283001 4149229 12289858 11492439 -435200 -656724 22701512 21964193 13046494 12965899 9655018 8998294 THE MONTGOMERY ACADEMY DEVELOPS LEADERS COMMITTED TO HONOR, SCHOLARSHIP, SERVICE AND THE PURSUIT OF EXCELLENCE. 0 0 9720425 591230 10354860 COLLEGE PREPARATORY SCHOOL, KINDERGARTEN THROUGH GRADE 12 9720425 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 107 0 1 195 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 0 X AMY D FORREST 3342728210 3240 VAUGHN ROAD MONTGOMERY AL 36106 RONALD C BROWN JR TRUSTEE - PRESIDENT 1.00 X X 0 0 0 EMILIE REID TRUSTEE 1.00 X 0 0 0 PETER SELMAN TRUSTEE 1.00 X 0 0 0 OWEN ARONOV TRUSTEE 1.00 X 0 0 0 ANITA BARRERA TRUSTEE 1.00 X 0 0 0 COURTNEY WILLIAMS TRUSTEE 1.00 X 0 0 0 ALEX CAROTHERS TRUSTEE 1.00 X 0 0 0 STEVE DAVIDSON TRUSTEE 1.00 X 0 0 0 JOHN FOSHEE TRUSTEE 1.00 X 0 0 0 SHANA JAMES TRUSTEE 1.00 X 0 0 0 KRYSTAL MIMS TRUSTEE 1.00 X 0 0 0 TAMIKA REED TRUSTEE 1.00 X 0 0 0 TEMPLE MILLSAP TRUSTEE - VICE PRESIDENT 1.00 X X 0 0 0 DAVE BORDEN TRUSTEE - SECRETARY/TREAS 1.00 X X 0 0 0 DINA WINSTON TRUSTEE 1.00 X 0 0 0 KATIE SLAWSON TRUSTEE 1.00 X 0 0 0 RODNEY SMITH TRUSTEE 1.00 X 0 0 0 DELECIA MCINTYRE TRUSTEE 1.00 X 0 0 0 SHANNON SPEIR TRUSTEE 1.00 X 0 0 0 LAURIE WEIL TRUSTEE 1.00 X 0 0 0 CADE ARMSTRONG TRUSTEE 1.00 X 0 0 0 WADE SEGREST TRUSTEE 1.00 X 0 0 0 DOUG ROBERTSON TRUSTEE 1.00 X 0 0 0 JOHN MCWILLIAMS HEAD OF SCHOOL 40.00 X 126055 0 14757 AMY D FORREST CHIEF FINANCIAL OFFICER 40.00 X 101299 0 12131 JAMES L SPENCER FORMER HEAD OF SCHOOL 40.00 X 208236 0 8472 435590 0 35360 3 1 1 0 0 172225 619975 792200 TUITION & FEES 611710 9624720 9624720 AUXILLIARY SERVICES 611710 502011 502011 CAMPS & OTHER PROGRAMS 611710 152641 152641 ATHLETIC REVENUE 611710 75488 75488 10354860 9961 9961 193 70309 -193 -70309 -70502 -70502 MISCELLANEOUS 900099 13506 13506 LOSS ON INTEREST RATE SWAP 523000 -264310 -264310 -250804 10835715 10354860 0 -311345 591230 591230 550890 203829 275445 71616 4983074 4756112 183593 43369 1148577 1061761 75458 11358 69439 25692 34720 9027 39890 39890 96092 739 86365 8988 104398 47340 54501 2557 775864 716821 59043 15714 15714 361831 361831 1002886 916784 86102 77810 35471 42339 AUXILIARY SERVICES 718475 718475 DEPARTMENT EXPENSES 218433 218433 ATHLETIC EXPENSE 187650 187650 MISCELLANEOUS 140694 0 140148 546 409492 240088 110676 58728 11492439 9720425 1565825 206189 2737646 3071217 200000 200000 783804 438222 30137 285666 125460 92568 55752 65041 39627151 21819172 18620141 17807979 36079 0 112493 3500 22701512 21964193 1013314 905456 3102360 3421327 8403715 8123145 527105 515971 13046494 12965899 X 8987146 8408222 667872 590072 9655018 8998294 22701512 21964193 -656724 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4436584 4436584 30067123 17624500 12442623 4491976 3707118 784858 631468 487554 143914 17807979 DUE TO AGENCIES 111888 DUE TO FOUNDATION 248766 INTEREST RATE SWAP 155317 515971 X PART X, LINE 2: MANAGEMENT EVALUATED THE ACADEMY'S TAX POSITIONS AND CONCLUDED THAT THE ACADEMY HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PUBLISHED IN THE LOCAL NEWSPAPER AND VARIOUS OTHER PRINT AND ELECTRONIC MEDIA 1 0 TUITION ASSISTANCE 64 591230 PART I, LINE 2: FUNDS ARE MADE AVAILABLE TO PROVIDE TUITION ASSISTANCE TO STUDENTS WHO HAVE A FINANCIAL NEED. NO OTHER CRITERIA IS REQUIRED PROVIDED THE STUDENT IS ACCEPTED TO THE ACADEMY BASED ON THEIR ACADEMIC QUALIFICATIONS. X 1 0 1 0 0 0 0 0 0 0 0 JAMES L SPENCER FORMER HEAD OF SCHOOL 190000 0 0 0 18236 0 8313 0 159 0 216708 0 0 0 PART I, LINE 4A JAMES L. SPENCER WAS TERMINATED EFFECTIVE JUNE 2018. AS PART OF THE SEPARATION AGREEMENT, HE RECEIVED COMPENSATION THROUGH JUNE 2019. A THE MONTGOMERY ACADEMY 630401358 2017-09-19 8537877 CONSTRUCTION 0 1 0 A 2008 0 0 0 0 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X 7 101818 FMV 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES MAKE MONTHLY ORAL REPORTS AT THE ORGANIZATION'S BOARD MEETING. THESE REPORTS ARE MEMORIALIZED IN WRITTEN MINUTES OF EACH BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE OPERATES AS THE AUDIT COMMITTEE. IT MEETS ANNUALLY WITH THE AUDIT FIRM TO REVIEW THE AUDITED FINANCIAL STATEMENTS IN DETAIL. THE AUDIT FIRM THEN PREPARES THE FORM 990 FROM THE INFORMATION IT HAS OBTAINED THROUGH THE AUDIT AND REVIEWED WITH THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS ASKED TO REVIEW AND SIGN A CONFLICT OF INTEREST POLICY EVERY YEAR. THIS PUTS THE BOARD MEMBER ON NOTICE OF THEIR CONTINUING OBLIGATION THROUGHOUT THE YEAR. A PRESENTATION ON THE CONFLICT OF INTEREST POLICY IS GIVEN AT THE ANNUAL BOARD RETREAT. NEW MEMBERS ARE INSTRUCTED ON THE POLICY AS PART OF THEIR NEW MEMBER ORIENTATION. THROUGH OUT THE YEAR, ATTENTION IS PAID TO IDENTIFY POTENTIAL CONFLICTS THAT WOULD PREVENT A BOARD MEMBER FROM VOTING ON A MATTER. IF SUCH A MATTER ARISES, THE BOARD MEMBER ABSTAINS FROM THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE HEAD OF SCHOOL'S SALARY IS DETERMINED BY USING BENCHMARK DATA FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND NEGOTIATIONS BETWEEN THE HEAD OF SCHOOL AND THE BOARD PRESIDENT, VICE PRESIDENT AND TREASURER. FORM 990, PART VI, SECTION C, LINE 19 THE PUBLIC PORTION OF FORM 990 IS AVAILABLE UPON WRITTEN REQUEST TO ANYONE WHO REQUESTS A COPY. IT CAN ALSO BE FOUND ON VARIOUS WEBSITES ON THE INTERNET. THE 990 IS PREPARED USING AUDITED FINANCIAL STATEMENTS. ALL FINANCIAL INFORMATION IS AVAILABLE THROUGH THAT DOCUMENT. OTHER DOCUMENTS ARE NOT REQUIRED BY LAW TO BE PUBLICLY AVAILABLE. THE MONTGOMERY ACADEMY FOUNDATION 3720 VAUGHN ROAD MONTGOMERY AL 36106 431978408 TO SUPPORT THE EDUCATIONAL PURPOSE OF THE MONTGOMERY ACADEMY AL 501(C)3 509(A)(3) TYPE 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0